SEC Form 4 · accession 0001235110-15-000008
General Moly, Inc · GMO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Ira Pennington
Officer — Chief Operating Officer
Period of report
Jan 15, 2015
Accepted (ET)
Jan 20, 2015 · 3:38 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001275229
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jan 15, 2015 | M | 88,393 | $0.00 | A | 475,854 | D | |
| Common StockF2 | holding | — | — | — | 158,000 | I | By Robert Pennington Dolores R. Pennington P/ADM Mineral Development LLC Dated 10-15-2007 |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted stock unitsF3,F4 | — | Jan 15, 2015 | M | 88,393 | D | — | — | Common Stock | 88,393 | 0 | D |
| Restricted stock unitsF3,F5 | — | Jan 16, 2015 | A | 212,168 | A | — | — | Common Stock | 212,168 | 212,168 | D |
Explanation of responses
- F1Represents acquisition of common stock upon vesting of restricted stock units.
- F2Robert Pennington is the sole member of the Robert Pennington Dolores R. Pennington P/ADM Mineral Development LLC.
- F3Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
- F4The restricted stock units vest on the earliest to occur of (i) a financing plan for the Mt. Hope Project approved by the issuer's board of directors; (ii) a Change of Control (as defined in the reporting person's employment agreement with the issuer); (iii) involuntary termination (absent cause); or (iv) January 15, 2015. Vested shares will be delivered to the reporting person within sixty (60) days, except as otherwise required by Section 409A of the Internal Revenue Code of 1986, as amended.
- F5The restricted stock units vest on the earliest to occur of (i) a financing plan for the Mt. Hope Project approved by the issuer's board of directors; (ii) a Change of Control (as defined in the reporting person's employment agreement with the issuer); (iii) involuntary termination (absent cause); or (iv) January 15, 2016. Vested shares will be delivered to the reporting person within sixty (60) days, except as otherwise required by Section 409A of the Internal Revenue Code of 1986, as amended.